On November 20, 2025, real-time analysis of BTC and ETH
1. Real-time core data
- BTC (Bitcoin): Current price $92,600, 24-hour volatility $90,375-$95,904, decline narrowed to 0.21%; trading volume decreased by 8%, daily RSI at 31 (oversold range), MACD histogram turned positive with initial golden cross signal, still under pressure from the 50-day moving average ($94,100).
- ETH (Ethereum): Current price $3,050, 24-hour volatility $2,985-$3,156, unchanged; trading volume increased by 3%, 4-hour Bollinger Bands lower support at $3,030, RSI at 34.23 (neutral to weak), EMA moving average system in a bearish arrangement.
2. Precise support/resistance and game focus
(a) BTC
- Support level: Immediate support at $91,883 (4-hour lower band), strong support at $90,512 (recent buying point), $88,700 (key defense line);
- Resistance level: Short-term resistance at $93,800 (recent dense selling pressure), strong resistance at $94,100 (50-day moving average), $98,150 (strong-weak boundary);
- Game focus: Whether $93,800 can break through will determine the continuation of the short-term oversold rebound.
(b) ETH
- Support level: Immediate support at $3,030 (Bollinger Bands lower band), strong support at $3,000 (psychological level), $2,950 (stop-loss key level);
- Resistance level: Short-term resistance at $3,150 (first resistance for rebound), strong resistance at $3,198 (golden ratio 0.618), $3,280 (strong resistance area);
- Game focus: Effectiveness of $3,050 support, the result of whales buying on dips and short selling pressure.
3. Core driving factors
1. Technical aspect: BTC oversold across multiple time frames + MACD golden cross budding, short-term rebound momentum is emerging; ETH supported by EIP-1559 burning mechanism, exchange reserves at a multi-year low.
2. Fund aspect: Clear signs of institutional buying on dips for BTC, ETH whales accumulated $1.37 billion in spot, partially offsetting institutional selling pressure.
3. Market sentiment: Fear and greed index at 28 (panic range), BTC futures short positions account for 55%, ETH has favorable support due to expectations of the Fusaka upgrade in early December.
4. Precise trading reference
- BTC: Lightly test long positions in the range of $91,800-$92,200, stop loss at $90,500; lay out short positions when rebounding to $93,600-$93,800, stop loss at $94,200.
- ETH: Buy the dip in the range of $3,030-$3,050, stop loss at $2,940; short when rebounding to $3,140-$3,150, stop loss at $3,180.
